You can continue to use your Zip Biz Account as normal until end of 30 April 2022;
On 1 May 2022, the Account Limit on your Zip Biz Account will be reduced to $0.00, meaning that you will not be able to transact using that Zip Biz Account;
Your Zip Biz Account will continue to be debited in accordance with the Contract. Your obligations under the Contract will continue until you pay us the total amount owing (including fees, charges and other amounts you become liable to pay under the Contract, including those which have not yet been debited to your Zip Biz Account), at which point the Contract will be terminated.
Once you have paid any Outstanding Balance in full, we will close your Zip Biz Account;
If you would like to retain a line of credit for your Business with Zip, you may be interested in applying for a Zip Business Trade Plus Account. You can find out more about Zip Business Trade Plus here.
